Rental Benchmark Overview
2-Bedroom Benchmark Rent
$939$11,268 per year · HUD Fiscal Year 2026Fair market rent & 30% rule in Lee County, KY
Official HUD Fair Market Rents evaluated against local household income benchmarks.
Fair Market Rent Schedule & Wage Requirements: Lee County, KY
Calculations assume standard housing affordability guidelines where shelter costs consume no more than 30% of gross income, based on full-time employment of 2,080 annual working hours.
| Bedroom Type | Monthly Rent | Annual Rent | Min. Annual Income | Hourly Wage (40h/wk) |
|---|---|---|---|---|
| Studio / Efficiency | $671 | $8,052 | $26,840 | $12.90/hr |
| 1-Bedroom Apartment | $740 | $8,880 | $29,600 | $14.23/hr |
| 2-Bedroom ApartmentStandard Benchmark | $939 | $11,268 | $37,560 | $18.06/hr |
| 3-Bedroom Home | $1,126 | $13,512 | $45,040 | $21.65/hr |
| 4-Bedroom Home | $1,311 | $15,732 | $52,440 | $25.21/hr |
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Frequently Asked Questions About Rent in Lee County, KY
What is the Fair Market Rent for a 2-bedroom in Lee County, KY?
For Fiscal Year 2026, the official HUD Fair Market Rent for a 2-bedroom home in Lee County, KY is $939 per month ($11,268 per year).
What hourly wage is needed to afford rent in Lee County, KY?
To comfortably afford a 2-bedroom apartment at $939/month without exceeding 30% of income on rent, a full-time worker (40 hours/week, 52 weeks/year) must earn at least $18.06 per hour ($37,560/year).
What are the HUD Fair Market Rents by bedroom count in Lee County, KY?
Official 2026 HUD rents in Lee County, KY are: Studio: $671/mo, 1-Bedroom: $740/mo, 2-Bedroom: $939/mo, 3-Bedroom: $1,126/mo, and 4-Bedroom: $1,311/mo.
How do HUD Fair Market Rents compare to local incomes in Lee County, KY?
At the local Census ACS median household income of $37,568/year ($3,131/month), the benchmark 2-bedroom Fair Market Rent represents 30% of monthly income.
How is the 30% housing affordability standard calculated in Lee County, KY?
The federal 30% rule states that housing costs should not exceed 30% of gross household income. For a 2-bedroom rent of $939/month, the required minimum annual gross income is calculated as ($939 × 12) ÷ 0.30 = $37,560 per year.